On the Blogs: D.C. Pension Fund Is Latest to Divest From Fossil Fuels

first_img FacebookTwitterLinkedInEmailPrint分享Zahra Hirji for InsideClimate News:The District of Columbia Retirement Board (DCRB) spent the last few years quietly selling off $6.5 million in oil, natural gas and coal investments, amounting to a mere one-tenth of 1 percent of the organization’s total holdings, but made the public announcement at a press conference on Monday.While other American cities including San Francisco have pledged to clear their pension funds of fossil fuels, Washington D.C. may be the largest fund in the nation to complete this step, though the amount divested was small. The DCRB joins more than 500 cities, philanthropies, universities and other organizations worldwide with assets totaling more than $3.4 trillion that have divested from at least some fossil fuels or pledged to do so.“This is a decision that is morally and ethically the right thing” from a climate perspective, said D.C. council member Charles Allen at a recent press conference. “It is also financially the right thing,” he added.Some of the companies culled from the D.C. pension fund include Peabody Energy and Arch Coal, which both filed for bankruptcy this year, as well as ExxonMobil Inc., an oil giant being investigated by several attorneys general for possibly misleading the public and shareholders on the business risks associated with climate change.Washington D.C. Pension Fund Announces Full Fossil Fuel Divestment On the Blogs: D.C. Pension Fund Is Latest to Divest From Fossil Fuelslast_img read more

The economic impact of Gen Y on credit unions

first_imgBoth credit unions and banks have to reach younger consumers if they want to thrive in the future. While you might want to, you can’t write off Generation Y (those born between 1982 and 2003). However, the importance of this niche market goes beyond just the need to younger.When it comes to the Millennial Generation they are going to have a huge impact on financial institutions. A recent article in The Dallas Morning News summarized their headline this way: “Make way for the millennials, America’s economic force of the future.”The piece provided many insights about Millenials—especially ones that will have an economic impact on financial institutions. Below are a few highlights along with my take on what it means for credit unions and banks:“They’ll spend more money on new technology, they’ll start the next Google, and they’ll become the main breadwinners for their families.”What it means for financial institutions: Embrace your technology tools or die. Mobile banking, wearable technology and even biometric technology are not options; they are must-haves. Stop being a laggard when it comes to your banking technology. continue reading » 57SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Rawthore and East head the England senior tables

first_img Cath Rawthore and Stephen East are England’s top senior golfers – for the second time.Rawthore, from Sale in Cheshire, and East, from Wike Ridge in Yorkshire, have topped the England Golf Senior Orders of Merit for 2016. They were both also winners in 2014.There are many similarities between their latest golfing achievements. Rawthore is the English senior women’s amateur champion, while East holds the Scottish senior men’s title. They are both senior internationals and helped their teams to victory in their respective Home Internationals and to bronze medals in the European championships.Rawthore laid the foundations of her Order of Merit success with a dramatic win in the senior women’s amateur when, having trailed throughout the final, she triumphed on the 21st hole. The circumstances of the win, coupled with adverse weather conditions, “made it all the more special” and completed her set of senior titles, having won the British and English stroke play championships in previous years.She commented: “Winning the Order of Merit is very special, particularly when you look at the calibre of the ladies involved in the running.”Rawthore is part of England’s successful senior women’s team and she added: “I feel lucky and honoured to have represented England for the last four years and although it is a competitive environment, it is very friendly and a lot of fun.“To continue to do so in 2017 will require being in form as soon as the season starts and I will be trying my very best over the winter to do just that.”Stephen East’s victory in the Scottish senior championship was also an exciting affair as he played the final 10 holes in five-under par to speed past his rivals. “To win is always satisfying, but to go up there and win was special,” said East, who was also runner-up in the Welsh championship.The Senior Home Internationals, where he scored 5.5 points from six games, was another of his highlights. “Winning the Home Internationals was a great thrill,” said East. “It was a wonderful team effort which turned out to be a dominant performance.”His verdict on the year? “Having missed two counting events, I was delighted at topping the order of merit, it’s most satisfying and one of the highlights of my year.“Looking to 2017, I’m excited about representing Wike Ridge Golf Club. My goals are simple, to enjoy my golf and keep playing and competing at the highest level possible, playing as many championships as possible.”Final leading placings:Senior women1 Cath Rawthore (Sale, Cheshire) 75097.1702 Jackie Foster (Bishops Stortford, Hertfordshire) 71646.5003 Karen Jobling (Richmond, Yorkshire) 47894.0004 Julie Brown (Trentham, Staffordshire) 43660.1935 Katherine Russell (Royal Ashdown Forest, Sussex) 34420.625Senior men1 Stephen East (Wike Ridge, Yorkshire) 65100.333 pts2 David Niven (Newbury & Crookham, BB&O) 57833.0003 Richard Latham (Woodhall Spa, Lincolnshire) 43422.5004 David Nelson (Northenden, Cheshire) 38326.1255 Alan Mew (Stoneham, Hampshire) 36551.893Image copyright Leaderboard Photography 18 Nov 2016 Rawthore and East head the England senior tables last_img read more